How to Buy Telcoin (TEL)

A Step-by-Step-Guide on how to buy Telcoin (TEL)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to buy one of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Telcoin (TEL) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you've selected the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Locate (TEL) Telcoin

Once your deposit has been verified, you will directly have access to your assets and you can start purchasing and trading. To purchase Telcoin (TEL) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

To find (TEL) Telcoin, you will need to insert the shortname of the coin (TEL) into the search-box, which is highlighted in the picture. Be certain of having selected the proper grouping, we've marked this too. Click on “TEL/BTC” to proceed.

How to buy Coin on Binance 1 Telcoin (TEL)
Step 4 – Purchasing (TEL) Telcoin

As soon as you've located (TEL) Telcoin, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order.

The “Price” field will be automatically filled with the up-to-date tariff Telcoin (TEL) was traded for. You can change this to your favoured price. The “Amount” field is the quantity of TEL you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole quantity of TEL.

If you're satisfied, make a mouse click on “Buy TEL”. Your order will be filled as soon as a Seller sells their TEL for the price you introduced.

Step 5 – Withdraw (TEL) Telcoin

Unless you are trading, best advise is not to keep crypto coins on an Exchange for an longer time period. In order to withdraw your (TEL) Telcoin, go to the tab called “Funds” and click on “Withdraw”. Telcoin (TEL) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (TEL) Telcoin by using the given drop-down box. Enter the volumen of Telcoin (TEL) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

If you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Congrats! You've successfully purchased and stored (TEL) Telcoin.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Telcoin (TEL) is safe in your wallet, you are done.